4063 Herbertz Road
Lake Worth, FL 33461
- – beds
- – baths
- 5,880 sqft
- $288 per sqft
- 1979 build
- – on site
Investment Opportunity! Excellent opportunity to acquire a strong cash flowing multifamily asset that is 100% occupied and priced at a 7.5% cap rate. Property consists of (3) duplexes for a total of 6 units on almost an acre of land. Each unit has a similar floor plan comprised of 3 bedrooms and 1 full bath. Upgrades vary by unit and include impact sliders/windows, new ACs (in 4 of 6 units), updated bathrooms/ kitchens, new tile flooring, fresh paint, etc. The exterior was just painted, landscaped, offers plenty of parking, and new exterior lighting. Attached is a brochure with more details.
Last checked:
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Last updated Nov 17, 2024
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MLS# RX-10997031 —
The Building
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Year Built:1979
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SqFt Total:5880
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SqFt Source:Tax Rolls
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Separate Water Meters:No
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Total Units in Bldg:6
Interior
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SqFt Living:5880
Financial & Terms
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Short Sale:No
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HOPA:No Hopa
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Price Per SqFt:$288.27
Location
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Directions:Located south off Lake Worth Road between Military Trail and Congress Ave. From Lake Worth Road turn south onto Herbertz Road. The destination will be on your right side.
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Area:5700
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Latitude:26.616672
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Longitude:-80.10371
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Geographic Area:PB17
The Property
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Parcel ID:00434430010150032
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Type:Quad Plex
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Lot SqFt:37,462 Sqft
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Zoning:RM
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Waterfront:No
Listing Agent
- Contact info:
- Agent phone:
- (561) 305-5500
- Office phone:
- (561) 952-2680
Taxes
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Taxes:$16,606.40
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Tax Year:2023
The Listing
Schools
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Elementary School:Palm Springs Elementary School
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Middle School:Lake Worth Community Middle
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High School:Lake Worth High School
The Community
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Development Name:Palm Beach Farms
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Subdivision:PALM BEACH FARMS CO 7
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Pets on Premises:Yes
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
6/18/24
Jun 18, 2024
|
Listed / Active | BMLS | $1,695,000 | 35.6% (16.0% / YR) |
|
3/31/22
Mar 31, 2022
|
BMLS | $1,250,000 | ||
|
2/25/22
Feb 25, 2022
|
BMLS | $1,250,000 |
